VEON Says Network Of Its Ukrainian Subsidiary Kyivstar Has Been The Target Of Widespread Hacker Attack Today Morning, Causing Technical Failure
Portfolio Pulse from Benzinga Newsdesk
VEON's Ukrainian subsidiary Kyivstar experienced a widespread hacker attack, leading to technical failures and the temporary unavailability of communication and Internet services. The financial impact is currently unquantifiable and will depend on the duration of the service disruption.
December 12, 2023 | 12:46 pm
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NEGATIVE IMPACT
VEON's subsidiary Kyivstar suffered a cyberattack causing service outages. The financial impact is uncertain but could negatively affect VEON's short-term revenue and stock price.
The cyberattack on Kyivstar, a significant subsidiary of VEON, has led to service outages which could result in revenue loss and customer dissatisfaction. Although the exact financial impact is not quantifiable at this moment, the news is likely to be perceived negatively by investors, potentially leading to a decrease in VEON's stock price in the short term. The score reflects the expected negative impact, with a high relevance due to the direct involvement of VEON's subsidiary. The importance is significant as it affects operational capabilities, but not at the highest level since the long-term effects are not yet clear. The confidence level is not at the maximum because the financial impact is still to be determined.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 90